Gustman, Alan L.; Steinmeier, Thomas L.; Tabatabai, Nahid - 2010
to the Social Security payroll tax have affected Social Security benefits and taxes. The analysis uses data from the … from 1948 to 1953 (ages 51 to 56 in 2004) if they faced the lower cap on the payroll tax that faced those born twelve and … wage growth, benefits were increased by 1.5 percent by the increase in the payroll tax ceiling compared to the cohort …
